Linkage Software Co., LTD Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,050	1,054	1,111	694.94	654.35	652.66
Other Revenue	-	-	2.92	1.5	0.16	-
Revenue	1,050	1,054	1,114	696.43	654.51	652.66
Revenue Growth (YoY)	-4.43%	-5.40%	59.99%	6.40%	0.28%	3.58%
Cost of Revenue	695.81	710.82	745.33	436.97	386.12	353.33
Gross Profit	353.98	343.27	368.88	259.46	268.39	299.34
Selling, General & Admin	116.69	119.2	110.64	82.17	70.02	64.59
Research & Development	83.59	82.93	68.84	68.96	64.24	63.57
Other Operating Expenses	-6.03	-6.65	2.83	1.94	2.01	1.66
Operating Expenses	194.24	195.49	184.67	154.04	136.92	130.22
Operating Income	159.74	147.78	184.22	105.42	131.48	169.11
Interest Expense	-	-	-6.94	-0.67	-0.38	-0.32
Interest & Investment Income	8.66	10.23	26.36	0.77	7.9	31.88
Currency Exchange Gain (Loss)	-	-	-59.81	-20.25	-17.92	-58.09
Other Non Operating Income (Expenses)	-109.37	-30.99	-0.38	-1.76	-0.11	-0.3
EBT Excluding Unusual Items	59.02	127.02	143.45	83.51	120.97	142.29
Gain (Loss) on Sale of Investments	-4	-2.82	3.43	4.03	22.97	22.91
Gain (Loss) on Sale of Assets	0.03	0.03	-1.14	-0.01	-0.27	0.01
Other Unusual Items	-	-	8.09	5.84	12.11	4.41
Pretax Income	55.05	124.23	153.84	93.38	155.79	169.61
Income Tax Expense	16.49	18.29	29.62	6.93	15.08	23.66
Earnings From Continuing Operations	38.56	105.94	124.22	86.45	140.7	145.95
Minority Interest in Earnings	-0.19	-0.06	0.07	0.07	0.49	0.04
Net Income	38.37	105.88	124.29	86.53	141.19	145.99
Net Income to Common	38.37	105.88	124.29	86.53	141.19	145.99
Net Income Growth	-80.78%	-14.81%	43.65%	-38.72%	-3.29%	-27.27%
Shares Outstanding (Basic)	388	388	390	397	400	400
Shares Outstanding (Diluted)	388	388	390	397	400	400
Shares Change (YoY)	-0.03%	-0.55%	-1.88%	-0.63%	-0.00%	3.45%
EPS (Basic)	0.10	0.27	0.32	0.22	0.35	0.36
EPS (Diluted)	0.10	0.27	0.32	0.22	0.35	0.36
EPS Growth	-80.77%	-14.34%	46.39%	-38.33%	-3.29%	-29.70%
Free Cash Flow	162.54	124.45	62.76	113.79	128.8	116.21
Free Cash Flow Per Share	0.42	0.32	0.16	0.29	0.32	0.29
Dividend Per Share	-	-	0.200	0.200	0.200	0.200
Gross Margin	33.72%	32.56%	33.11%	37.26%	41.01%	45.86%
Operating Margin	15.22%	14.02%	16.53%	15.14%	20.09%	25.91%
Profit Margin	3.65%	10.04%	11.15%	12.42%	21.57%	22.37%
Free Cash Flow Margin	15.48%	11.81%	5.63%	16.34%	19.68%	17.81%
EBITDA	173.41	160.52	193.26	114.96	140.54	178.74
EBITDA Margin	16.52%	15.23%	17.34%	16.51%	21.47%	27.39%
D&A For EBITDA	13.66	12.74	9.04	9.54	9.06	9.62
EBIT	159.74	147.78	184.22	105.42	131.48	169.11
EBIT Margin	15.22%	14.02%	16.53%	15.14%	20.09%	25.91%
Effective Tax Rate	29.95%	14.72%	19.25%	7.42%	9.68%	13.95%
Revenue as Reported	-	-	1,114	696.43	654.51	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.